Ripple wins final US approval for national trust bank

OCC approval clears Ripple to manage RLUSD reserves and offer digital asset custody

By LineZotpaper AI staff

Published27 October 2026

Updated27 October 2026

Read Time2 min

Sources2 outlets

Illustration: Ripple wins final US approval for national trust bank

Ripple has received final approval from the Office of the Comptroller of the Currency (OCC) for its national trust bank, the company announced Monday, clearing the way for it to manage reserves backing its RLUSD stablecoin and provide digital asset custody services.

The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025. Ripple said the federally supervised trust bank is authorized to manage reserves backing Ripple USD (RLUSD), act as collateral trustee for the benefit of RLUSD holders and provide digital asset custody services.

RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple's limited purpose trust company regulated by the New York Department of Financial Services.

"We've always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight," Ripple CEO Brad Garlinghouse said on X on Monday.

Ripple follows Circle, which secured final OCC approval in July. Other crypto firms remain at the conditional approval stage, including Coinbase, which received its preliminary green light in April, and Crypto.com and Stripe-owned Bridge, which received conditional approvals in February.

A national trust bank is a federally chartered institution focused on holding and managing assets on behalf of clients. Unlike a typical commercial bank, most national trust banks do not accept deposits or make loans and do not carry Federal Deposit Insurance Corporation insurance, according to the OCC.

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Analysis

Why This Matters

Ripple becomes the second crypto firm, after Circle in July, to win final OCC approval for a national trust bank, giving it federally supervised status for holding client assets.
The charter lets Ripple manage reserves backing RLUSD and offer custody services, expanding its regulated footprint in the US.
Coinbase, Crypto.com and Stripe-owned Bridge remain at earlier approval stages; their progress will show whether this becomes a broader trend for crypto firms.

Background

National trust banks are federally chartered institutions focused on holding and managing assets on behalf of clients. Unlike typical commercial banks, most do not accept deposits, make loans or carry FDIC insurance, according to the OCC. Ripple's RNTB received conditional approval in December 2025 and has now completed the chartering process. RLUSD remains issued by Standard Custody & Trust Company, Ripple's limited purpose trust company regulated by the New York Department of Financial Services.

What to Watch

Whether Coinbase, Crypto.com and Stripe-owned Bridge convert their conditional approvals into final charters.
How Ripple expands the trust bank's activities beyond RLUSD reserve management and custody services.
Any regulatory or legal challenges to the OCC chartering of crypto firms.

Sources

Ripple wins final US approval for national trust bank · Cointelegraph
Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight · The Block

Checked

11 claims in this story checked against 1 source: 11 supported.

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SupportedRipple won final US approval for a national trust bank.Cointelegraph.com News: “Ripple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC).”
SupportedOCC approval clears the way for Ripple to manage RLUSD reserves and provide digital asset custody.Cointelegraph.com News: “The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody.”
SupportedRipple announced on Monday that its national trust bank had received final OCC approval.Cointelegraph.com News: “Ripple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC).”
SupportedThe approval completes RNTB’s chartering process; it received conditional OCC approval in December 2025.Cointelegraph.com News: “The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025.”
SupportedRNTB is authorized to manage RLUSD reserves, act as collateral trustee for RLUSD holders and provide digital asset custody services.Cointelegraph.com News: “The federally supervised trust bank is authorized to manage reserves backing Ripple USD (RLUSD), act as collateral trustee for the benefit of RLUSD holders and provide digital asset custody services, according to Ripple.”
SupportedStandard Custody & Trust Company will continue issuing RLUSD and is Ripple’s limited purpose trust company regulated by New York’s Department of Financial Services.Cointelegraph.com News: “RLUSD will continue to be issued by Standard Custody & Trust Company, Ripple’s limited purpose trust company regulated by the New York Department of Financial Services.”
SupportedBrad Garlinghouse said on X on Monday: “We've always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight,”Cointelegraph.com News: ““We’ve always said crypto and banks work better together — this is what that looks like. Real innovation, real accountability, federal oversight,” Ripple CEO Brad Garlinghouse said on X on Monday.”
SupportedRipple follows Circle, which secured final OCC approval in July.Cointelegraph.com News: “Ripple follows Circle, which secured final OCC approval in July.”
SupportedCoinbase remains at the conditional approval stage after receiving preliminary approval in April; Crypto.com and Stripe-owned Bridge received conditional approvals in February.Cointelegraph.com News: “Other crypto firms remain at the conditional approval stage, including Coinbase, which received its preliminary green light in April, and Crypto.com and Stripe-owned Bridge, which received conditional approvals in February.”
SupportedA national trust bank is a federally chartered institution focused on holding and managing clients’ assets.Cointelegraph.com News: “A national trust bank is a federally chartered institution focused on holding and managing assets on behalf of clients.”
SupportedMost national trust banks do not accept deposits or make loans and do not carry FDIC insurance, according to the OCC.Cointelegraph.com News: “Unlike a typical commercial bank, most national trust banks do not accept deposits or make loans and do not carry Federal Deposit Insurance Corporation insurance, according to the OCC.”